HK Stock Market Move | CGN MINING (01164) fell over 4% in the morning session, with pre-tax profits expected to decline year-on-year for ongoing operations.
CNNC Mining (01164) fell more than 4% in early trading, as of press time, it fell 2.96% to 3.61 Hong Kong dollars, with a turnover of 33.5876 million Hong Kong dollars.
CGN MINING (01164) fell more than 4% in early trading, dropping 2.96% as of press time to 3.61 Hong Kong dollars, with a turnover of 33.5876 million Hong Kong dollars.
On the news front, CGN MINING announced that the company expects its pre-tax net profit for continuing operations in 2025 to decrease by about 200 million Hong Kong dollars to 250 million Hong Kong dollars compared to the previous year, and expects its surplus for 2025 to increase by about 90 million Hong Kong dollars to 140 million Hong Kong dollars compared to the previous year.
The announcement stated that the increase in surplus in 2025 compared to the same period in 2024 is mainly due to the increase in gross profit brought about by the higher natural uranium trade price difference, and the overall performance improvement due to the absence of non-recurring operating losses for the company in 2025. In addition, the company's income tax expenses in 2025 decreased compared to the same period in 2024.
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